Baird’s All-Weather Bond Funds

A Strong Partner Through Challenging Markets

In times of market volatility, partnering with an experienced team of investment professionals makes all the difference.

As manager of Baird Funds’ fixed income offerings, Baird Advisors takes an all-weather approach designed to control risk while adding incremental value through yield-curve positioning, sector allocation, security selection and competitive execution. Portfolios are built to manage risk and provide consistent, incremental returns relative to industry benchmarks across complete market cycles.

Review Our Complete Bond Fund Lineup

 Annualized Returns as of 3/31/2021
 Institutional Class
1-Year  5-Year 10-Year Since Inception1 Since Inception Lipper Rank & Percentile
Baird Core Plus Bond Fund 5.38% 4.20% 4.34% 5.72% 8 of 53
15% 
Bloomberg Barclays U.S. Universal Bond Index 2.95% 3.59% 3.77% 5.02%
Baird Aggregate Bond Fund 3.40% 3.70% 4.20% 5.26% 16 of 130
13%  
Bloomberg Barclays Aggregate Index 0.71% 3.10% 3.44% 4.75%
Baird Intermediate Bond Fund 4.30% 3.19% 3.42% 4.73% 3 of 44
7%
Bloomberg Barclays Intermediate Govt/Credit Index 2.01% 2.75% 2.88% 4.28%
Baird Short-Term Bond Fund 4.61% 2.55% 2.32% 2.83%   29 of 117
25%
Bloomberg Barclays 1-3 Year Govt/Credit Index 1.57% 2.00%  1.57%  2.42% 
Baird Ultra Short Bond Fund 2.22% 1.85%  N/A  1.53% 18 of 87
21%  
Bloomberg Barclays Short-Term Gove/Corporate Index 0.59% 1.52%  N/A  1.14%
Baird Short-Term Municipal Bond Fund - Institutional 3.77% 2.34% N/A 2.42%   1 of 101
1%
Bloomberg Barclays 1-5 Year Short Municipal Bond Index 3.33% 1.85%  N/A 1.86%
Baird Core Intermediate Municipal Bond Fund - Institutional 4.96% 3.56%  N/A 3.82%    6 of 155
4%
Bloomberg Barclays 1-15 Year Municipal Bond Index 4.92% 3.03%  N/A 3.31%
Baird Quality Intermediate Muni Bond Fund - Institutional 3.53% 2.41%  2.93% 3.91% 20 of 53
38%  
Bloomberg Barclays Quality Intermediate Municipal Bond Index 4.47%  2.71%  3.38% 3.98%
Baird Municipal Bond Fund - Institutional  8.43%  N/A  N/A  8.28%  1 of 270
1% 
Bloomberg Barclays Municipal Bond Index 5.51%  N/A  N/A 4.13%
Baird Strategic Municipal Bond Fund - Institutional  7.90%  N/A  N/A 7.21% 1 of 72
2%  
Bloomberg Barclays 1-10 Year Municipal Blend Index 4.54%  N/A  N/A 3.35%

Baird Advisors' Advantage

For nearly four decades, Baird Advisors’ core leadership team has worked together, placing them in a distinctive position within the industry to help clients meet their objectives. Their philosophy is built on timeless principles:

  • A skilled investment team comprising complementary backgrounds and diverse perspectives
  • Competitive, risk-controlled returns
  • High-quality, attractively priced products
  • An unwavering focus on investors’ needs

Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information is found in the prospectus and summary prospectus. For a prospectus or summary prospectus, contact Baird directly at 866-442-2473 or contact your Financial Advisor.

Performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment in the fund will fluctuate so that an investor's shares when redeemed may be worth more or less than their original cost. Current performance data may be lower or higher than the data quoted.  For performance data to the most recent month end, contact Baird directly at 866-442-2473 or www.bairdassetmanagement.com/baird-funds.

© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Expense Ratio for the Institutional Share Classes is 0.30%; for the Investor Share Classes is 0.55%.The Advisor has contractually agreed to waive management fees for the Baird Ultra Short Bond Fund in an amount equal to an annual rate of 0.15% of the average daily net assets for the Fund until April 30, 2021. The agreement may only be terminated prior to the end of this term by or with the consent of the Board of Directors of Baird Funds, Inc.

Returns shown include the reinvestment of all dividends and capital gains.

1The Baird Core Plus, Aggregate and Intermediate Bond Funds since inception returns are based on performance from Sept. 30, 2000 through March 31, 2021; Baird Short-Term Bond Fund since inception return is based on performance from Aug. 31, 2004 through March 31, 2021; and Baird Ultra Short Bond Fund since inception return is based on performance from Dec. 31, 2013 through March 31, 2021.  The Baird Quality Intermediate Municipal Bond Fund since inception net return is based on performance from March 31, 2001 through March 31, 2021. The Baird Core Intermediate and Short-Term Municipal Bond Fund since inception net return is based on performance from August 31, 2015 through March 31, 2021. The Baird Municipal Bond and Strategic Municipal Bond since inception net return is based on performance from Nov. 15, 2019, through March 31, 2021, and is not annualized.

Lipper rankings are based on average annual total returns for the 1, 3, 5, 10-year/life periods for each respective Lipper category. Baird Core Plus Bond Fund is ranked among the Core Plus Bond Funds, Baird Aggregate Bond Fund is ranked among the Core Bond Funds, Baird Intermediate Bond Fund is ranked among Short-Intermediate Investment Grade Debt Funds, Baird Short-Term Bond Fund is ranked among the Short Investment Grade Debt Funds, Baird Ultra Short Bond Fund is ranked among the Ultra-Short Obligations Funds, Baird Quality Intermediate Municipal and Baird Core Intermediate Municipal Bond Funds are ranked among the Intermediate Municipal Debt Funds, Baird Municipal Bond Fund is ranked among the General & Insured Municipal Debt Funds, Baird Strategic Municipal Bond Fund is ranked among the Short-Intermediate Municipal Debt Funds and Baird Short-Term Municipal Bond Fund is ranked among the Short Municipal Debt Funds. Each fund is ranked based on average annual total returns assuming reinvestment of dividends and capital gains, distributions, at net asset value and the deduction of all fund expenses. Past performance is no guarantee of future results.